ForeScout Technologies pops 16% in first day of trading
ForeScout Technologies saw its shares spike 16 percent during intraday trading after going public on Friday. After pricing at the top of the range at $22 per share, the stock was hovering above $25 midday. The Internet of Things security company also increased the size of its IPO and raised about $116 million after selling 5.3 million shares. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/jKDKTLhm9WU/
Southeast Asian e-commerce startup Carousell closes $70-$80M Series C round
Singapore-based startup Carousell is in the money this week after it closed a Series C round of between $70-$80 million, two sources with knowledge of the deal told TechCrunch. Started by three graduates from the National University of Singapore in 2012, Carousell operates a mobile-first listings service for second-hand goods and services in Southeast Asia, Taiwan and Hong Kong. Prior to this… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/wXZjSVhb-a8/
The deal that never was: OYO says it didn’t acquire rival ZO Rooms after all
There’s closure around one of the most curious tech deals out of India in recent times, but it isn’t the conclusion most will expect.
OYO Rooms, the budget hotel network that raised $250 million in September from SoftBank’s Vision Fund and hotel giant China Lodging, confirmed today that it didn’t buy out close rival ZO Rooms despite plenty of evidence suggesting it… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/XFePnIw-LT4/
ForeScout Technologies prices IoT security IPO at $22
ForeScout Technologies, the Internet of Things security company, priced its security IPO at $22, the top of its proposed range. It also enlarged the size of the IPO to 5.3 million shares, meaning the company raised about $116 million in the offering.
ForeScout helps businesses and government agencies monitor the devices connected to their networks. It also alerts them of potential… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/9Mr2s-Tkzk8/
Zscaler confidentially filed for security IPO
Zscaler, a nine-year-old, San Jose, Calif.-based company, has filed confidentially for IPO, multiple sources tell TechCrunch. The cloud security outfit is aiming to go public before the end of the year. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/55yobQO30uQ/
LG’s mobile business can’t stop losing money
Korea electronics giant LG continues to show the world that making a profit, or even breaking even, from selling smartphones is no easy thing. LG Mobile has posted just one quarter of profitability over the last two years, that was six months ago during the first quarter of sales of its new flagship, the LG G6, when it eked out a $3.2 million profit. Previous to that, you have to go way back… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/KxLwOxeNKqQ/
Snapcart raises $10M to shed light on consumer spending in emerging markets
Taking on a giant like the $15 billion research firm Nielsen is no easy task. But tucked away in Southeast Asia, Snapcart is a two-year old company that is making progress by shining light on the black box that is consumer spending in emerging markets. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/4g9-h61s40s/
Current raises $5M for its debit card for teens that parents control with an app
Current announced today it has raised $5 million in Series A funding for its debit card aimed at kids that parents can control with an app. The company first introduced its Visa debit to the market in May. Kids can use the card to shop in stores or online using funds from their own bank account linked to the card, after receiving a digital allowance from mom or dad. The new round was led by… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/MtXaMTesOJc/
Social Capital has started investing in startups, sight unseen
There’s little question that former Facebook executive and venture capitalist Chamath Palihapitiya thoroughly enjoys challenging the way that startups are funded. Because he has the hot hand, so to speak, he’s able to get away with it, too. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/_MuYQ4a5KVQ/
GuestReady, a service for Airbnb hosts to manage their property, raises $3M
With over four million listings across more than 65,000 cities worldwide, Airbnb has not just upended the global hospitality industry — it has inadvertently created an industry within an industry: demand for services that help hosts manage their properties efficiently and professionally. It’s a hot space, for sure. GuestReady, a one-year-old contender based in London, has pulled in… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/J_JUozSiR8k/
Predictive marketing startup Reflektion raises $12M for international expansion
Reflektion, a marketing startup that uses predictive analytics to increase conversion rates on e-commerce sites, has raised $12 million to support its international expansion plans. The new funding is an extended Series B round led by Hasso Plattner, with participation from returning investors Battery Ventures and Clear Ventures. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/RnCUGr89QpU/
Apple doubles down on wireless charging with its latest acquisition
Apple is doubling on wireless charging, the technology that debuted in this year’s iPhone 8 and iPhone X, after it scooped up New Zealand-based company PowerbyProxi in its latest piece of M&A. Ten-year-old PowerbyProxi is a spinout of the University of Auckland and it is focused on developing wireless charging and power transfer products. That spans wireless control systems,… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/o9nNDQ2rhpU/
Asian travel platform Klook raises $60M with backing from Goldman Sachs
Sometimes, for growth stage startups raising money, when it rains it pours. That’s the case for Klook, a Hong Kong-based travel startup that specializes in helping travelers book trip activities and logistics for when they are overseas. Klook raised $30 million Series B back in March and, despite admitting that it has barely touched that cash, today it revealed that it has competed… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/pH_SLDTjTSo/
Chinese social media giant Weibo is raising $700M to fund acquisitions
Weibo, the Twitter-like Chinese social network that is profitable unlike Twitter, is raising $700 million as it looks for acquisitions to continue the rocket ship growth its business has seen in 2017. The Beijing-based company, which is listed on the NASDAQ with a current market cap of $21 billion, announced today it will offer up to $700 million in convertible senior notes in order to… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/mUwy4Nksnzg/
Medication management app Echo raises £7M Series A led by White Star Capital
Echo, the U.K. startup that offers an app to help you manage your medication and order repeat prescriptions for delivery, has raised £7 million in Series A funding. The round is led by White Star Capital, with participation from MMC Ventures, LocalGlobe, and Rocket Internet’s Global Founders Capital. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/X65uMPTYJLQ/
Jiko raises $7.7 million for debit card with cash back
A lot of startups have been raising money for credit cards and other financing businesses lately. Now Jiko has debit card technology that has convinced Upfront Ventures, Radical Impact, Social Capital and others to invest $7.7 million in a Series A. The Oakland, Calif.-based business markets itself as a secure place to save your money, while also offering at least .5 percent cash back on… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/hPMhceHPWek/
Deserve raises $12 million for a credit card targeting college students
Most young adults don’t have credit cards these days. Many of them are concerned about accruing debt. Others are finding it difficult to build credit.
A handful of startups are now focused on building alternatives. One of these is Deserve, which recently changed its name from SelfScore.
The Menlo Park-based startup had been working with international students to assess credit. Now… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/-bUsXheI-i8/
ChowNow, a GrubHub competitor, raises $20 million Series B round
ChowNow, an online food ordering service, has raised a $20 million Series B round led by Catalyst Investors. This round brings ChowNow’s total funding to nearly $40 million. “We were excited for [Catalyst] to get involved because they were behind Mindbody,” ChowNow CEO Chris Webb told TechCrunch. Mindbody, a white-label service for health and wellness businesses, went public… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/b7-RpAevoqo/
HashiCorp raises $40M for its cloud infrastructure automation services
HashiCorp is probably best known for Terraform, its open-source tool for automatically provisioning infrastructure by describing it as code. But the company also offers a whole range of additional open-source security tools and products that enable multi-cloud deployments, as well as enterprise versions of these tools that add features for larger teams on top of these free versions. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/p9KZez4oprk/
Healthtech startup Doctorlink picks up backing from Eight Roads for its digital triage and advice tool
Doctorlink, a U.K. startup that provides doctor surgeries with a clinically approved digital triage and advice tool, is disclosing that it has picked up significant backing from Eight Roads, the proprietary investment arm of Fidelity International. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/AAfoaca_hUE/ Source: https://techcrunch.com/
